Transaction in Own Shares

Rhea-AI Summary

On 11 April 2023, Shell plc announced the purchase of 1,000,000 shares for cancellation as part of its existing buy-back program initiated on 2 February 2023. The shares were bought at varying prices, with a highest price of £24.520 and a lowest price of £24.155. The volume-weighted average price paid per share was approximately £24.311. The buy-back program, executed by BNP Paribas Exane from 2 February to 28 April 2023, adheres to UK and EU market regulations. This strategic move to repurchase shares reflects Shell's commitment to enhancing shareholder value. The program follows established market parameters and is part of the company's broader strategy to manage capital effectively.

Positive

• Shell repurchased 1,000,000 shares, indicating a strong commitment to shareholder value.
• Effective pricing strategy, with a volume-weighted average price of approximately £24.311.

Negative

• None.

11 April, 2023

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 11 April 2023 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
11/04/2023	800,000	£24.520	£24.155	£24.311	LSE	GBP
11/04/2023	50,000	£24.500	£24.165	£24.304	Chi-X (CXE)	GBP
11/04/2023	150,000	£24.510	£24.155	£24.309	BATS (BXE)	GBP

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 February 2023.

In respect of this programme, BNP Paribas Exane will make trading decisions in relation to the securities independently of the Company for a period from 2 February 2023 up to and including 28 April 2023.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by BNP Paribas Exane on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• RNS Report SHELL 2023 04 11

FAQ

What share buyback announcement did SHEL make on April 11, 2023?

On April 11, 2023, SHEL announced the purchase of 1,000,000 shares for cancellation as part of its buy-back program.

What was the highest price paid for shares repurchased by SHEL on April 11, 2023?

The highest price paid for shares on April 11, 2023, was £24.520.

How many shares did SHEL purchase on April 11, 2023?

SHEL purchased a total of 1,000,000 shares for cancellation on April 11, 2023.

Who is executing the share buyback program for SHEL?

The share buyback program for SHEL is being executed by BNP Paribas Exane.

What is the volume-weighted average price paid per share by SHEL?

The volume-weighted average price paid per share by SHEL was approximately £24.311.